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Zimbabwe ahead of war-torn Lebanon on global list of nations hardest hit by food inflation

Food prices in shops have been hiked while salaries remain stagnant.

ZIMBABWE leads the World Bankโ€™s (WB) list of countries hit hardest by food inflation at 321%, on a chart that also has war-ravaged Lebanon and Venezuela, where political and economic crises have left alarming rates of malnutrition.

An economic crisis that has persisted for over two decades, despite a brief reprieve between 2009 and 2013, has worsened.

Government, on the other hand, has continued to dispute inflation figures shared by experts, usually over 100% above that shared by its Finance ministry.

The WB has as a result made up to US$30 billion available over the next 15 months to alleviate dangers that are already noted as a result of food inflation in the highlighted regions.

The US$30 billion chest will be used in areas that include agriculture, nutrition and social protection.

โ€œAs part of a comprehensive, global response to the ongoing food security crisis, the World Bank Group is making up to $30 billion available over a period of 15 months in areas such as agriculture, nutrition, social protection, water and irrigation,โ€ said the WB in its report.

โ€œThis financing will include efforts to encourage food and fertilizer production, enhance food systems, facilitate greater trade, and support vulnerable households and producers.

โ€œThe $2,3 billion Food Systems Resilience Programme for Eastern and Southern Africa, helps countries in Eastern and Southern Africa increase the resilience of the regionโ€™s food systems and ability to tackle growing food insecurity.

โ€œThe programme will enhance inter-agency food crisis response also boost medium and long-term efforts for resilient agricultural production, sustainable development of natural resources, expanded market access, and a greater focus on food systems resilience in policy making.โ€

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